Credit default swaps
CDSs tighten on American commercials and widen on Australia
The cost of credit protection on American commercial brands fell in early US trading today, while credit default swap (CDS) spreads referencing South East Asian sovereigns also tightened and spreads of Australian sovereign debt hit a record high.
CDSs on European financials tighten
The cost of credit protection on financial institutions fell in early trading this morning, while a number of industrial names traded wider.
Editor's letter
The credit-default-swap rate offers benefits that a credit rating does not, which is a perspective from the people who have to buy and sell the paper. Sometimes a solution to a problem comes along that is so simple it defies all the thought and toil that…
The transparency tide
The issue of counterparty risk and how best to convey it to retail investors dominated the agenda at the Structured Products Europe conference. Delegates explored ways of identifying and mitigating risk, while the rise in structured funds and regulation…
CDS market mixed for eurozone and US financials
Credit default swaps (CDS) referencing UK and European financials faced varied market sentiment in early trading today.
CDS spreads down on European and US financials
UK and European banks saw improved market sentiment this morning, while the cost of credit protection on US financial institutions fell yesterday.
US sovereign CDSs rise as financials face mixed market
Credit default swap (CDS) spreads on eurozone and US financials experienced mixed market sentiment in early trading today and before market close yesterday, while CDSs referencing US sovereign debt rose by 5.5 basis points today.
Sovereign CDSs up for UK and US
Credit default swap (CDS) spreads on UK and US sovereign debt hit record highs today, while CDSs on eurozone and US financials experienced mixed market sentiment.
Eurozone CDS spreads tighten as US spreads widen
UK and European banks faced declining market sentiment in trading this morning, while the cost of credit protection on US financial institutions rose at the end of last week.
Dinallo backtracks on regulating CDSs
Daily news headlines
Isda issues Masonite CDS auction terms
Daily news headlines
Eurozone and US bank CDS spreads widen
UK and European financial institutions faced declining market sentiment in early trading today, while the cost of credit protection on US banks continued to rise.
EU convenes working party on derivatives
Daily news headlines
Protection policies
Profile
Struck off
Credit default swaps (CDSs) offer protection against issuer default, and in general the protection is paid via a running spread rather than upfront. When the par spread changes, the contract cannot be unwound without leaving a default-contingent annuity…
Rocked by counterparty risk
The demise of Lehman Brothers has triggered fresh concerns about counterparty risk, creating a wave of novations and forcing dealers to think harder about the possibility of another major derivatives counterparty defaulting. Mark Pengelly reports
The price was right
Credit derivatives
Rethinking CDSs
Regulation
Isda applauds $25 trillion reductions in CDS notionals
Daily news headlines